Amino registers return to revenue growth

DetailsEditor | 02 February 2015

IPTV, OTT and in-home multimedia solutions provider Amino Technologies has posted a strong set of results for 2014 with an increased full year profit and return to revenue growth in the second half of the year.

For the for the year ended 30 November 2014, the company racked up revenues in line with expectations at £36.2 million, inching up by £300,000 on 2013, with gross margin up one percentage point to 46.3%. The company's 2014 profit before exceptional items and tax increased by 23% to £4.2 million.

Over 2014 the company undertook what it called 'significant' expansion of its product offering and claimed strong revenue growth in North America and emerging markets of Latin America and Eastern Europe. Looking at the twelve months ahead, Amino expressed a positive outlook, with expectation of continued revenue growth as well as further profit growth.

"Amino's markets are evolving rapidly as the way entertainment is consumed re-shapes operator strategies," remarked chief executive officer Donald McGarva. "Operator demand for simple, reliable IPTV devices remains consistently strong, particularly in emerging markets. Increasingly, however, operators are looking for higher performance devices that can blend traditional IPTV with OTT content delivered over the open Internet. In addition, there is growing demand for new kinds of connected home platforms - where a single device delivers a range of content to multiple screens around the home alongside simple home management capability. In the longer term, operators are now clarifying their service delivery roadmaps to ensure they are positioned to provide 4K/Ultra HD services."